Janus Forty Fund (JACTX)
High-Conviction Large-Cap Growth Equities

SHARE CLASS

FUND FACTS (JACTX)

Inception Date5/1/1997
NAV (As of 3/4/15 )$32.18
Total Net Assets (As of 1/31/15)$2.31B
Annual Expense Ratio
(As of fiscal year end 9/30/14)
GROSS 0.77%
NET 0.77%

Performance (As of 12/31/14)
1 Year8.81%
3 Year21.19%
5 Year11.85%
10 Year9.06%
Morningstar (As of 1/31/15)
CategoryLarge Growth
Equity
Style Box

Returns quoted are past performance and do not guarantee future results; current performance may be lower or higher. Investment returns and principal value will vary; there may be a gain or loss when shares are sold. For the most recent month-end performance click here.

Net expense ratios reflect the expense waiver, if any, Janus Capital has contractually agreed to through 2/1/16.

Quarterly Commentary - Q4 2014

EXECUTIVE SUMMARY

U.S. large-cap equities continued to climb during the quarter, as data points showed the U.S. economy continues to strengthen.

The Fund outperformed its benchmark during the period.

Heading into 2015, we have a positive outlook for both the U.S. economy and domestic equities.

FUND MANAGEMENT

Doug Rao

Fund Manager since 2013
Industry since 1994